IRS scam? The tax debt compromise program phone call
The IRS offers a tax debt compromise program that allows taxpayers to settle their debt for less than the full amount, but scammers often pose as IRS representatives to steal money and commit identity theft. Taxpayers can identify legitimate IRS contacts by applying directly through the IRS website.
The IRS offers a tax debt compromise program, known as an Offer in Compromise (OIC), which allows taxpayers to pay less than their total tax debt. Scammers often target vulnerable individuals, including seniors and those with actual tax debt, by posing as IRS representatives and demanding upfront fees. To avoid scams, taxpayers should apply directly to the IRS for an OIC. The IRS considers a taxpayer's income, expenses, and assets when evaluating an OIC application. To be eligible, taxpayers must have filed all required tax returns and made estimated payments. The IRS generally approves an OIC if the offered amount is the most it could expect to collect within a reasonable time.
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